Best bank
Citigroup
Best equity house
Goldman Sachs
Best debt house
Citigroup
Best M&A house
Morgan Stanley
Best at risk management and treasury
HSBC
Best at cash management
Citigroup
Best at custody
Citigroup
For the fourth year running Citigroup has taken the award for Asia's best bank. There is no sign that it is losing steam. In all markets and all products it is still moving ahead and it has the region's densest branch network. It provides more services in more markets for more customers than any other bank. It had a solid year in debt, raising $1 billion more for corporates than second-placed HSBC. It competes easily with the global houses in G3 currencies and, unlike many of the larger players, competes on an even footing with domestic banks in local-currency markets.
In equities it's a similar story. Citigroup was involved in 21 deals worth a total of $2.8 billion in 13 countries, pressing hard on the heels of Goldman Sachs and UBS. In M&A, although the markets were tough, Citigroup was still up there slogging it out with the best. In announced transactions, Citigroup comes second only to JPMorgan.